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![]() Finally some good news... the maximum interest rate that can be charged on any accommodation bond has been reduced to 8.76% for residents entering care from January 1st 2009 (it was 11.31%) . The current holiday period is a great opportunity to spend quality time with your family. But it can also be when you realise that more care is needed than is available in the home environment. Don't stress any further, talk to us about your loved one's care needs and we can talk to you about the best care and accommodation options available. Send an Online Enquiry last updated 2nd Jan 2009 |
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| Fee/Charge | Residents who entered care on or before 19 March 2008. | Residents who entered care from 20 March 20084 | |
| Maximum Basic Daily Fee |
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| - all respite residents (pensioners and non-pensioners) | up to $32.95 | up to $32.95 |
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| - other residents who receive a full or part means-tested Australian pension2 | up to $32.95 | up to $32.95 |
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| - other non-pensioner residents3 | up to $41.05 | up to $32.95 |
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| The following fees apply to residents who were in a hostel on 30 September 1997 and who are NOT currently at a home that was a nursing home before 1 October 1997. |
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| - residents receiving full or part means-tested Australian pension2 | up to $32.15 | $32.15 |
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| - non-pensioners3 | up to $40.25 | $32.15 |
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| - residents who are currently receiving care in the same hostel where they were living on 30 September 1997 and who are paying 'grandparented' variable fees | Agreed amount of fees, less any allowance for rent assistance (until the prescribed basic daily fee is greater than the agreed amount). |
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| Maximum Daily Income Tested Fee |
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| - residents who receive a full means-tested Australian pension | N/A | N/A |
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| - residents who receive a part means-tested Australian pension | up to $25.35 | up to $25.35 |
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| - non-pensioner residents | up to $57.80 | up to $58.15 |
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| Pensioner Allowable Limit for Accommodation Bonds | For further information please contact the Department on 1800 500 853 | N/A |
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| Minimum Assets Amount |
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| A resident must be left with this amount when calculating the maximum accommodation bond. | $35,500 | $35,500 |
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| Asset cutoff level |
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| - for fully supported5 resident status | N/A | $35,500 |
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| - for partially supported5 resident status | N/A | $91,410.40 |
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| - for concessional5 resident status | $35,500 | N/A |
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| - for assisted5 resident status | $56,500 | N/A |
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| Maximum Permissible Interest Rate | All new residents from 20 September 2008 |
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| - for accommodation bond agreements | 8.76 % |
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| - for accommodation charge agreements | 6 % |
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| Maximum Accommodation Charge for new entrants to your home 20 September 2008 - 19 March 2009 | |
| - for fully supported residents | N/A |
| Residents who first entered residential aged care from 20/9/200810 | |
| :non-supported
residents, if their
assets at entry are at least $91,410.40 | $26.88 |
| - who are in receipt of a means-tested Australian pension | $21.39 |
| :supported residents, if their assets at entry are equal to or less than $91,410.40 | calculated amount7 |
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| Maximum Accommodation Charge for pre 20 March 2008 residents who enter your home during the period 20 September 2008 - 19 March 20098 | |
| -for concessional residents and charge exempt residents | N/A |
| Residents who first entered residential aged care from 1/7/2004 | |
| - assisted residents, if their assets at entry are at least $55,448 | $10.93 |
| - assisted residents, if their assets at entry are less than $55,448 | calculated amount5 |
| - other residents, if assets at entry are at least $70,358 | $19.10 |
| - other residents, if assets at entry are less than $70,358 | calculated amount5 |
| Residents who first entered residential aged care before 1/7/2004 |
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| - assisted residents, if their assets at entry are at least $50,739 | $8.35 |
| - assisted residents, if their assets at entry are less than $50,739 | calculated amount5 |
| - other residents, if assets at entry are at least $65,887 | $16.20 |
| - other residents, if assets at entry are less than $65,887 | calculated amount5 |
1. Residents in designated remote areas may
be asked to pay an additional $1.06 per day (See section 7.3.9 of the Residential
Care Manual)
2. 'Pensioner' maximum rate also applies to blind pensioners and
non-pensioner residents who have a dependent child
3. 'Non-pensioner' maximum rate may also apply for pre 20 March 2008
pensioners who agree to pay a bond above the 'pensioner allowable limit'
4. Including pre 20 March 2008 residents who leave permanent care
for more than 28 days.
5. See Residential Care Manual
6. Rate remains unchanged for resident's stay in the one home, regardless
of annual indexation of the maximum rate for new entrants
7. As advised by the Department of Health and Ageing.
8. And who haven't left permanent residential aged care for more
than 28 days before entering care after 20 March 2008.
9. Accommodation charge limited to a maximum period of five years
and is fixed at date of entry.
10. From 20 March 2008, accommodation charges are capped, even if
a resident moves from one home to another, provided that there is not a break
in care of more than 28 days (excluding leave).
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© Copyright 2009 - All Rights Reserved Aged Care Connect Pty Ltd (ABN 36 102 500 907) Phone: (03) 9879 0888 | Facsimilie: (03) 9879 0788 | Mobile: 0400 888 381 Postal Address: Aged Care Connect Pty Ltd, PO Box 2356, Ringwood North, VIC 3134 Email Address: placements@agedcareconnect.com.au |